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KPIX (CBS) 8
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Search Results 0 to 11 of about 12 (some duplicates have been removed)
CBS
Dec 29, 2012 6:00pm PST
be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport security are nothing new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cliff, the federal aviation administration would lose $800 million, and more than 2,000 air traffic controllers. fewer controllers mean fewer planes moving passengers and cargo. warns the air traffic controllers association. >> fb's pocke
CBS
Dec 23, 2012 6:00pm PST
are charging fraud. official results are due tomorrow. >> a syrian government air strike in a town near the city of homa has reportedly killed dozens. peateur video appears to show the aftermath of the attack which struck a bakery where people were lining up for their first bread in days. in damascus, meanwhile, u.n. peace envoy brahimi arrived today for more talks with president assad. in his attempt to remain in power, assad has cultivated the support of minority groups athin his ethically divided country. elizabeth palmer saw that policy at work during a recent visit to the southern town of swada. >> reporter: conflict has engulfed syria over the past months from one end of the country to the other. but so far it barely touched this town in southern syria near the border with jordan. the people who live here are a religious group that has allied itself with president assad. good afternoon. when we arrived it in town to meet the governor, syrian state media was waiting for us. the regime is anxious to showcase this community full of official supporters willing to reinforce the pa
CBS
Dec 30, 2012 6:00pm PST
itself is to the doing badly. if people can get confidence in the government t won't be so bad. but if on the other hand we keep having this game being played in washington t will increasingly affect the markets negatively and the economy. >> jeff: jim awad, thank you very much. >> pleasure. >> jeff: in eastern oregon today a bus traveling on an ice and snow covered interstate 8 4 today crashed through a guardrail and tumbled down an embankment. at least nine were killed. more than a dozen others hurt. this was the second fatal crash due to icy road condition ms. that area today. >> in the east new england is digging out today after a winter storm blanketed the region with snow measuring a foot or more. that storm created problems across most of the eastern u.s. starting in the south on christmas day before move nooingt northeast. and then heading to sea. a new storm could bring wintery weather to the midwest for new year's eve. >> overseas the crash of a russian jetliner claimed a fifth victim today. a flight attendant. that plane was carrying eight people, all crew members. barry pet
CBS
Dec 27, 2012 5:30pm PST
have their milk. we might have to cut elsewhere. >> reporter: without new legislation, government price supports for milk will revert to 1949 levels. back then, the process was more laborious, and farmers needed a higher subsidy to cover their costs. dan summer, professor of agricultural economics at the university of california davis, says the new price of milk will be far above what it now costs dairy farmers to produce it. >> it really will be just chaos. nobody really knows how to act. >> reporter: so we would go back to this old farm bill, which would force the government to buy milk at an extremely high price. >> that's right. >> reporter: this could be a windfall for dairy farmers. >> here's the problem for dairy farmers: they don't want chaos in the milk market. it sounds good-- "gee, everybody will double or triple the price"-- but how much milk would people buy at that price? >> reporter: nobody will pay it. >> nobody will pay it. >> reporter: shoppers for milk today couldn't understand why congress can't at least solve this problem. linda vella: >> they all need to be f
CBS
Dec 28, 2012 6:30pm EST
-board spending cuts for the defense department and other government programs. it looks like those cuts will go forward. what the president said today is 24 hours from now the senate leaders have to have a plan that deals with incom income taxes at a rate to be determined later, the threshold of that income, and some federal benefit and if they don't reach a deal, he will have his own plan b. >> if we don't see an agreement between the two leaders in the senate, i expect a bill to go on the floor, and i've asked senator reid to do this, put a bill on the floor that makes sure that taxes on middle class families don't go up, that unemployment insurance is still available for two million people, and that lays the groundwork then for additional deficit reduction and economic growth steps that we can take in the new year. but let's not miss this deadline. that's bare minimum that we should be able to get done. >> reporter: the president is pushing very hard, jeff, for that extension of unemployment benefits for americans who have been jobless for six months or more. they start losing that f
CBS
Dec 28, 2012 7:00pm EST
. the reason? >> monetary easing. all these governments have debt and there's only one way to pay it back and it's to devalue their own currency. and it's a race to the bottom. >> reporter: there are other factors that could also help support gold prices. central banks worldwide have been boosting their gold holdings to diversify their portfolios, and protect against inflation. this year, central banks bought roughly 500 metric tons of gold, up 8% from last year. in addition, many small investors are buying gold as a safehaven from global instability. >> political certainty is a major driving factor. it is not just here. but, in the western europe, and in the far east. and, in china. >> reporter: strong demand for gold exchange traded funds has also helped support prices. the spider gold trust-- ticker gld-- has $75 billion in assets. and it's is backed by physical gold. it also helps that some hedge funds with bylaws prohibiting them from buying futures, can buy gold e.t.f.'s. >> so there are some people that were restricted before. they're not now and that's supportive of the gold.
CBS
Dec 26, 2012 5:30pm PST
private sector government contractors. economists predict that if congress doesn't act, all those cuts and new taxes will push the economy back into a mild recession by mid-2013. the impact of some of these cuts and taxes would not be felt immediately on january 1. that's because the i.r.s. and other agencies didn't expect it to come to this, and so it will take a few weeks for workers to see more money being withheld in their paychecks, jim. >> axelrod: nancy cordes with the president in hawaii. thank you. there is new evidence that the housing market is coming back. a report out today showed home prices were up 4.3% in october compared to last year. prices rose in 18 of the 20 largest cities. tonight, 88-year-old george h.w. bush remains in a hospital in houston where he's been since last month battling a bad cough. the former president now has a persistent fever. bob orr joins us now from washington with details. bob. >> reporter: good evening, jim. well, a spokesman for the bush family says that former president george h.w. bush is in "guarded condition," with that stubborn fever y
CBS
Dec 31, 2012 6:30pm EST
25% increase in six years. whatever the reasons, indians are furious. the government clearly rattled by the outcry has announced that the six men akeulsed in the bus rape case will face murder charges and the death penalty. elizabeth palmer, cbs news, london. >> jarvis: a passenger who survived a deadly bus crash in oregon on sunday says the driver was going too fast. the bus carrying 46 people slammed through a guardrail and tumbled down a steep embankment. nine people were killed. new technology could stop drunk drivers before they start the car. we'll see it when we come back. did you know when heartburn, it's too late to take prilosec because... but it's but zantac® works differently. it relieves heartburn in as little as 30 minutes. in fact, so, when heartburn strikes, try zantac® this has been medifacts for zantac® for their annual football trip. that's double miles you can actually use. tragically, their buddy got sacked by blackouts. but it's our tradition! that's roughing the card holder. but with the capital one venture card you get double miles you can actually
CBS
Dec 25, 2012 5:30pm PST
. government figures for november show the construction on new homes was up 21.6% from a year ago. in california, you may be surprised at who is buying. here's ben tracy. >> reporter: this is the busy time of year for you guys. >> absolutely. this is when all the grapes come ns. >> reporter: scott meadows runs salinas vineyards in california's napa valley. there's a good reason he put that american bald eagle on the , ttle. it seems kind of nationalistic. >> it does, doesn't it? that was a specific request from our owners in china. china overall is looking to bring parts of america to china. >> reporter: in 2010, this vineyard was up for sale. chinese investors bought it. now, 90% of the wine from here-- that's 9,000 cases-- is shipped to china. what does a chinese company want with a vineyard in napa valley? >> there's a big demand in china for luxury goods, for goods that are scarce, and for goods that are well made. rather than buying chinese-made products and sending our money over there, they're buying eir ican-made products and .ending their money back here. >> reporter: and the
Search Results 0 to 11 of about 12 (some duplicates have been removed)